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Briefing Note 27 - How much should the state spend on pensions?
The PPI, the Government and the Pensions Commission have all recently published projections of future spending on state pensions. The PPI, Government and Pensions Commission projections have been made using different data and modelling techniques, but they all show a similar pattern of rising expenditure. However, within this apparent consensus there is still some uncertainty about the future costs of the current pension system. Much of this uncertainty is due to Pension Credit (PC), which will become a larger proportion of state pension spending.
This Briefing Note compares the projections, and considers how much the state should spend on pensions.
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